Deutsche Bank Rates McCormick (MKC) buy, $60 Price Target
Deutsche Bank maintains its buy rating and $60 price target on McCormick & Company, as company executives add to their share holdings, a 15.25% upside from the current price.
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Deutsche Bank rated McCormick & Company, Incorporated ($MKC) "buy" with a $60 price target on June 26, 2026.
Since the rating, $MKC is up 2.3% after 1 week, up 0.0% after 1 month and down 7.4% to date (from the $50.06 close on Jun 26, 2026).
MKC
McCormick & Company, Incorporated
Key Points
- Deutsche Bank analyst Stephen Powers reiterated a buy rating on McCormick & Company on June 26, 2026, with a $60 price target.
- Deutsche Bank's $60 price target implies 15.25% upside from McCormick & Company, Incorporated's ($MKC) current $52.06 share price.
- McCormick & Company trades near $52.06, sitting below its 200-day moving average of $56.29 within a 52-week range of $44.82 to $72.41.
- Chief Human Relations Officer Sarah Piper and CEO Brendan Foley both purchased small blocks of stock on June 29, 2026.
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Deutsche Bank Backs McCormick & Company With Buy Rating
Deutsche Bank has reaffirmed its positive stance on McCormick & Company (NYSE: MKC), keeping a buy rating and a $60 price target on June 26, 2026. Analyst Stephen Powers pointed to the packaged foods maker's enduring brand strength and market reach in flavor solutions and consumer spices. The assigned $60 target sits well above where the shares currently change hands, signaling room for potential upside according to the firm's outlook.
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Stock Valuation and Recent Trading Levels
McCormick shares traded recently at $52.06, reflecting a spot price that hovers below its 50-day moving average of $52.53 and under its 200-day moving average of $56.29. Over the past fifty-two weeks, the stock has moved between a low of $44.82 and a high of $72.41. The company carries a price-to-earnings ratio of 8.13 alongside a forward P/E of 14.83, providing value-focused investors with a look at how current earnings match up against future expectations.
$MKC price target
McCormick & Company, Incorporated daily closes and this analyst's $60 target. Not advice.
Recent Insider Transactions at McCormick
Company leaders showed personal alignment with the business through open-market purchases in late June 2026. On June 29, 2026, Chief Human Relations Officer Sarah Piper acquired 49 shares of stock at a price of $52.06, totaling $2,550.94. On the same day, Chairman, President and CEO Brendan Foley bought 48 shares at $52.06 per share, amounting to a total value of $2,498.88. These transactions followed earlier leadership moves to support equity holding inside the organization.
Wall Street Analyst Updates
Other major financial firms have updated their outlooks on the spice maker heading into the autumn months. On October 2, 2026, Barclays maintained an equal-weight rating while lowering its price target to $47 from $55. On the same day, UBS kept a neutral rating and trimmed its target from $52 to $48, while BNP Paribas maintained an outperform rating with a target adjusted to $65 from $75. TD Cowen and Stifel both maintained hold ratings with a target of $48 following earlier adjustments, and JP Morgan previously maintained an overweight rating with a $62 target on September 18, 2026, after TD Cowen moved the stock to a hold with a $55 target on September 14, 2026.
What McCormick & Company Does
Headquartered in Hunt Valley, Maryland, McCormick & Company manufactures, markets, and distributes herbs, spices, seasoning mixes, and condiments globally. The enterprise operates across two main divisions, the Consumer segment and the Flavor Solutions segment. Well-known retail labels include French's, Frank's RedHot, Lawry's, and Cholula Hot Sauce, alongside commercial supply lines for major food manufacturers.
Looking Ahead for Investors
Market participants will evaluate upcoming results when the company releases its next financial update on October 1, 2026. Analysts continue to monitor consumer demand trends, margin pressures, and global supply chain costs across the packaged foods sector as firms navigate shifting retail environments.
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Source: Deutsche Bank's rating change on $MKC (Jun 26, 2026). Written by software, not financial advice. How we make alerts